In the last trading session, 2.05 million shares of the Codexis Inc (NASDAQ:CDXS) were traded, and its beta was 2.38. Most recently the company’s share price was $3.07, and it changed around $0.52 or 20.39% from the last close, which brings the market valuation of the company to $254.31M. CDXS currently trades at a discount to its 52-week high of $6.08, offering almost -98.05% off that amount. The share price’s 52-week low was $2.43, which indicates that the current value has risen by an impressive 20.85% since then. We note from Codexis Inc’s average daily trading volume that its 10-day average is 1.03 million shares, with the 3-month average coming to 777.40K.
Codexis Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.57. If we narrow it down even further, the data shows that 0 out of 8 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 2 recommended CDXS as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. Codexis Inc is expected to report earnings per share of -0.2 for the current quarter.
Codexis Inc (NASDAQ:CDXS) trade information
Instantly CDXS has showed a green trend with a performance of 20.39% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 3.17 on recent trading dayincreased the stock’s daily price by 3.15%. The company’s shares are currently down -35.64% year-to-date, but still up 5.14% over the last five days. On the other hand, Codexis Inc (NASDAQ:CDXS) is -26.56% down in the 30-day period. We can see from the shorts that 3.03 million shares have been sold at a short interest cover period of 4.39 day(s).
The consensus price target as assigned by Wall Street analysts is $11, which translates to bulls needing to increase their stock price by 72.09% from its current value. Analyst projections state that CDXS is forecast to be at a low of $11 and a high of $11.
Codexis Inc (CDXS) estimates and forecasts
The year-over-year growth rate is expected to be 10.41%, up from the previous year.
Consensus estimates provided by 7 financial analysts predict the company will bring in an average of 10.38M in revenue for the current quarter. 7 analysts expect Codexis Inc to make 14.22M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 17.07M and 7.98M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -39.22%. Forecasts for the next quarter put sales growth at 78.22%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -33.31%. Codexis Inc earnings are expected to increase by 19.10% in 2025, but the outlook is positive 45.38% per year for the next five years.
Codexis Inc (NASDAQ:CDXS)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.44% of Codexis Inc shares, and 80.52% of them are in the hands of institutional investors. The stock currently has a share float of 82.54%. Codexis Inc stock is held by 180.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 9.7194% of the shares, which is about 6.79 million shares worth $21.05 million.
FMR LLC, with 6.3165% or 4.45 million shares worth $13.78 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Dec 31, 2024 . The former held 2.13 shares worth $6.54 million, making up 2.57% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 2.08 shares worth around $6.37 million, which represents about 2.51% of the total shares outstanding.
